Real Estates

Real estate development is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing building to the purchase of raw land and the sale of improve parcels to others. Developers are the coordinators of those activities, converting ideas on paper into real property. They create, imagine, fund, control and orchestrate the process of development from the beginning to end. Developers usually take the greatest risk in the creation or renovation of real estate -- and receive the greatest rewards. Typically, developers purchase a tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approvals and financing, build the structure, and lease, manage, and ultimately sell it. In the Town and Country Planning context of the UK, 'development' is defined in the Town and Country Planning Act 1990 s55.

Subdivision of land is the principal mechanism by which communities are developed. Technically, subdivision describes the legal and physical steps a developer must take to convert raw land into developed land. Subdivision is a vital part of a community's growth, determining its appearance, the mix of its land uses, and its infrastructure, including roads, drainage systems, water, sewerage, and public utilities. In general, land development is the riskiest but most profitable technique as it is so dependent on the public sector for approvals and infrastructure and because it involves a long investment period with no positive cash flow. After subdivision is complete, the developer usually markets the land to a home builder or other end user, for such uses as a warehouse or shopping center.

Subdivision of land is the principal mechanism by which communities are developed. Technically, subdivision describes the legal and physical steps a developer must take to convert raw land into developed land. Subdivision is a vital part of a community's growth, determining its appearance, the mix of its land uses, and its infrastructure, including roads, drainage systems, water, sewerage, and public utilities. In general, land development is the riskiest but most profitable technique as it is so dependent on the public sector for approvals and infrastructure and because it involves a long investment period with no positive cash flow. After subdivision is complete, the developer usually markets the land to a home builder or other end user, for such uses as a warehouse or shopping center.

Specific terms under various United States laws dealing with fair housing, honesty in advertising and so forth have been proscribed and engender specific legal meanings. For example, under United States codes, "apartment" specifically must contain both a kitchen, bathing facilities and sleeping accommodations, or else the term may not be used. This generates an occasional difference within the English speaking world, and terms such as "Single family", "Two family", or "Three Family" building, residence, house, home, or property which are generic and convey little or no building plan (style of building) information. Such terminology is most common in the advertising and real estate markets offering leaseholds in such units or sales of such buildings.